Exempt Property. All property dedicated to, and adopted and accepted by a local public authority shall be exempt from the assessments created herein.
Exempt Property. The following property shall be exempt from payment of Base Assessments, Neighborhood Assessments, Special Assessments, and Benefited Assessments:
Exempt Property. All parts of the Lincoln Commerce Center dedicated to and accepted by the Village or any other public authority, or owned by the Association as Common Areas, shall be exempt from assessments, charges, and liens created under this Declaration.
Exempt Property. During the Exempt Period, and so long as the Bonds are outstanding, the Issuer agrees to use its best efforts to cause the Bond Financed Portion of the Project to be and remain Exempt Property.
Exempt Property. Notwithstanding anything herein to the contrary, the following property shall be exempt from the payment of Assessments:
Exempt Property. The foregoing restrictions shall not apply to the Property or any portion thereof owned or leased by the United States, State of Maryland, Xxxxxx County or any instrumentality or agency thereof for so long as such entity shall be the owner or lessee thereof.
Exempt Property. Notwithstanding anything to the contrary contained herein, the rights and interests of Subordinate Lender in and to the Exempt Property are not subordinate to the Senior Guaranty Obligations pursuant to this Agreement, and nothing contained herein shall limit or impair the right of Subordinate Lender to enforce the Pledge Agreement or receive, retain and apply the Exempt Property to the payment of the Xxxxxxxxxxx Xxxigations notwithstanding that the Senior Guaranty Obligations or the Credit Agreement Obligations have not been paid or performed in full.
Exempt Property. The following properties subject to this Declaration shall be exempt from the dues, Assessments, charges, and liens created herein: (a) All Common Area, as defined in Article I, Section 1 hereof and (b) streets and road rights-of-way. Not withstanding any provision herein, no Lots shall be exempt from said liens.
Exempt Property. The property dedicated to, and accepted by, --------------- a local public authority and all property owned by a charitable or nonprofit organization exempt form taxation by the laws of the State of Texas shall be exempt from the assessments created herein except in respect to any land used for business or proprietary functions. However, no land or improvements devoted to a business use shall be exempt from said assessments.
Exempt Property. The following property subject to this Declaration shall be exempt from the assessments created herein;
